Ronin Capital Makes Record Investment in Detroit City FC
Ronin Capital Partners founder & CEO Jay Farner will be making the largest single investment in USL Championship club Detroit City FC’s history through Ronin Sports & Entertainment Group, the sports investment division of Ronin. The investment will help the construction of AlumniFi Field, accelerate the club’s mixed-use development connecting Detroit’s Corktown and Mexicantown neighborhoods, and support Detroit City FC’s continued growth of the team. As part of the investment, Farner has joined the DCFC Holdings board of directors. The club is advancing construction of AlumniFi Field, a forthcoming $150M, 15,000-seat, soccer-specific stadium that will anchor a broader $200M mixed-use development. Construction is on track for the stadium to open ahead of the 2028 USL Championship season -- with nearly 6,000 seat deposits already secured (Detroit FC). The exact amount of the investment was not disclosed